FAQs

Income Tax Guide

Life Insurance

1.	How can one arrive at the claim amount on the LIC policy?
2.	Who should sign the Discharge Voucher of LIC under varying circumstances?
3.	How can you stay protected with LIC policies if the key person important to your business dies?
4.	What procedure should one follow to obtain a duplicate copy if the original LIC policy is lost?
5.	How should one notify LIC in the change in address?

Non Life Insurance

1.	What happens if there is a dispute regarding claim settlement between the insured and the insurer?
2.	What happens if at any point of time there are in existence two policies for insurance of a vehicle?
3.	Are accessories and extra fittings of the vehicle covered under the comprehensive motor insurance policy?
4.	Does a third party claim affect the bonus/ malus rate under the comprehensive motor insurance policy?
5.	Can motor vehicles be insured against fire and theft risks only?

Mutual Funds

1.	Do mutual funds assure returns?
2.	What are the Risks in a mutual fund?
3.	Are investments in mutual fund units safe?
4.	What are Dividends?
5.	What is the difference between an open ended and close ended scheme?